₦airaland Forum

idealogical:
There are more industries inn the North than the SS and SE.

You lie!! They're more industrial areas in Portharcourt and Aba than the whole North, including your highly exalted Kano...
Why aren't the private sector undertaking the project if they are sure of the industrial base in North. AKK is just another failed project waiting to happen

CSTRR:
I don't see the viability of it as well.

That is why using a rail platform would have been better.
At least, the rail would serve a bigger purpose of transporting people and trade.

We are governed by nepotistic dimwits.

They just see free Money and use it anyhow.

Money that is not really free.

Of course there's no viability. If they were any viability, they would have successfully raised bonds in the international market as they did for OB3. Ask yourself, why didn't Shell undertake that project? Afterall, Shell is financing and building pipelines in Portharcourt, Idioroko, Aba and Bayelsa to supply those industries there,
Shell and other major oil companies know it's not viable at all. Seplat is building a 700million dollar gas plant in Imo state, why isn't the government guaranteeing the project? Seplat will not be foolish to invest those huge amount if it wasn't sure of its bankability.
This project is complete political project and they know that. Sadly another loan to burden the nation

idealogical:
The gas they are piping through the pipeline is for sale and profit, to improve commercial and industrial activities and production and to create jobs and generate investments, not for show or to blow the gas through the air or to dash dash.

For sale to whom, where the industries in the north that needs them? According to them, they said the pipeline will connect with Morroco and onward to Europe. Now tell me, isn't that what the NLNG is doing?

GIANTPLUSHUB:
Not a bad loan. The pipeline is a revenue generating one.

It's definitely not a potential revenue generating point. This AKK was first muted during the GEJ administration along with the OB3 project that's currently ongoing.
GEJ did a roadshow for both projects in the international market but was only able secure investors that will bonds for the OB3 project. The AAK was perceived as unviable and therefore not bankable by the international investors . That was how the project died until Buhari assumed power. If you read closely the nature of the AKK project, you'll see that China agreed to loan government the money only because NNPC decided to guarantee that project by themselves. If not, they wouldn't dare loan that project that's not viable at all.
The reason why OB3 was able to raise money from the investors is primarily because that gas pipeline will feed gas through the escravos pipeline that connects Lagos, a huge market that needs gas and other cities within the West African market part of the gas will be supplied to the eastern region that's beginning to grow their industrial bases.
AKK is simply a political project, there's no way investors will invest 2.5billion dollars to pipe gas to the north whose industrial base is not as significant as the one in the south. This is simply another Kaduna refinery in the making

R

Fmghewzy:
I don't care if they show off their money,it is non of my business.

Do you want to tell you, you have not come across moronic threads of some idiots claiming that
Igbos are the greatest black in the world.
Igbos help develop America , especially if anyone of them accidentally gets a political seat abroad.
Igbos own all the stores in Lagos ,are more bullshit talk

That is what I mean by chest beating.

Stop listening to junkies that make those stupid claims. Even i myself, when I come across those threads, i laugh them off myself. There a saying that goes: 'confidence is silence; Insecurities are loud' you can relate with that statement, can't you?

TheDestroyer:
The chest beating runs in the blood. Go do your research on the under 30 tech start up owners in Nigeria. And FYI your empty bragging and condescending attitudes to other tribes in why no one wants you around even in ghana and South Africa your boys have gone there to disrespect their host communities. So you see it's not a Nigerian or a yoruba thing and you folks need serious attitude changes even if you get your own country.

You've forgotten that victims of the xenophobic attacks in SA, where actually from your own people. Not to say that i don't condemn the evil that was wrought. But don't you for a sec think the igbos are too boastful. I can admit some of here on this forum blow their trumpets louder than needed but ve sure to know it's not only the igbos that engage in such frivolities, your people too stand guilty

Fmghewzy:
Alaye shut up,stop talking nonsense.

I can boldly tell you I never watch African magic this year.
I rarely watch TV,cos I have more important things to do with my time.

Take it or leave it,80% of you guys on this forum have really bad personality, you need to address that.

That's because you choose to listen to lousy tribalistic igbos online that have nothing meaningful to do other than shout IPOB. The real igbos are hardly online and don't have time for these childish enthic banters. To them, sales and market is what they're occupied with most of the time

Gracchus:
Lmao.riggtly siad bro.100 million dollars investment in a jiffy,not some 2*2 shop around one corner,masiyiwa wont even claim to co ntrol yet one shop owner thinks without him lagos economy would collapse,if they were so great they cohld have made their regioneconomy 10x bigger thsn that of lagos simce they constitute 99.9% of the population

You quickly forget SME in any country is the engine of growth and prosperity. That's why government around the world try to formulate good policies that sees to their continued existence and prosperity.
Those two by two shops you are mocking, you've forgotten though they look small but they come in numbers. That's where the strength comes from. If Fashola reasoned in a myopic way, he wouldn't have bothered reconstructing the roads in Alaba, Idumota and Tradefair markets and LIRS install mini-offices for tax remittances, he should have just dismissed those two-by-two shops as insignificant and unworthy of any attention. But he was wise to know that those shops constitute the SMEs which is vital part of Lagos economy, so use your brain when next you want to insult those igbos boy because the money they raking in can feed your community people for a whole year nonstop.

Fmghewzy:
Even the self acclaimed developers don't develop their own region,how would anyone develop it for them.

Their attitude is the number 1 thing affecting them.

Grandiosity,chest beating has corroded their brains

Don't be delusional, who told you tge east don't invest in their own region. Learn to travel more often. Stop watching too much Africa Magic that keep showing you huts in the village

TheDestroyer:
They forget the world is moving past retail trading at balogun market and going online that's why most tech hubs in Lagos are yoruba owned without any noise making. Let them continue making noise until sanwo olu demolish their 2 by 2 fake products shop

Don't use the word 'most'. Till eternity, online e-commerce can never displace offline commerce. Nothing beats the feel of going to the open market to bargain for price. That's exactly why Konga initially failed, they thought they could displace those igbo guys in their numbers that dominate those markets in Lagos, not until Zinox boss acquired the dying company and remodel the company to be and online and offline e-commerce business.
Talking about the tech industry. Yorubas ain't dominating shit. I used to believe that bullshit myself until i researched myself and found that igbos are also doing reasonably well in the industry both in the sales of gadgets and in founding new tech startups. They're competing with the yorubas very well and giving a good account of themselves. Stop deriding the igbos, they have a reason to be proud judging from where they came from and how Nigeria bleeped them and still fucking them up.

loopman:
Real developer coming with FDI...not someone that did a one way night road journey with a polythene bag to come and leach on Lagos by engaging in buying and selling

We've seen you that's a developer, oya show us your development naa??

R

There's nothing to which men cling more tenaciously to than the previledge of class. We exalt things that should be considered basic for good and healthy living. Tufiakwa

AchalugoNwa:
typical yeroba Muslim always exposing himself

if he talks like a yeroba Muslim
he's definitely a yeroba Muslim lzaa imhotep Gandollaar Ebenezer202l omenka

He's not yoruba. He's a complete hausa dude that masturbates on IPOD matter

Agbegbaorogboye:
This here gets me all the time. The bandits called one of the parents and asked for ransom and more interestingly, asked for the military to stop following them.
They don't even have these scripts in nollywood

This country has officially gone to the dogs. No hope at all. No wonder I read in one topic that a some Nigerians have spent a billion dollars buying up citizenship of other nationals. That proves the country is failed state.
Nnamdi Kanu should just declare Biafra as a country joor!! Nigerian military is completely useless

OfficialAPCNig:
Yoruba people are wailing.

In the East, we love Zubby and his movies. That is the source of his money.

Must you always be stupid?

This administration is officially the most clueless and useless in the history of Nigeria

Okay that's commendable. When will eastern railway be revived. It seems that are not to benefit from rail modernization...

ojuu4u:
Instead of you to form security network to complement police, you guys are forming security outfit, hisbah to do Islamic biddings .

Yet you say you are not cows.

That's to show you how useless and brainless they're. They can form unnecessary hisbah for Muhammed but can do the same for their own safety.

Pimine:
Aswearugaaad

This is so wrong. This mentality will make it harder for you to make that elusive money you just watered down your whole existence for.

Money is not the reason we exist; we are the reason money exists. We were not made for money, rather money was made for us. It's simply a way to exchange value - this means if you have what people deem as adequate value, then you'll make money.

If you understand this, then you'll realize you don't chase money - simply provide value and see money chase you.

600 years of blessing and optimum prosperity for you and your generations to come. You aptly captured what i have been preaching to people.
People keep chasing and lusting after money, whereas they refuse to create value to attract the money

plaindealerr:
Stop lying on behalf of Jona because according to Jona himself, he only paid N10 billion out of N130 billion.

Sure P paid up the remaining balance of the counterpart agreement. stop misinforming folks here.

https://www.premiumtimesng.com/news/155753-second-niger-bridge-to-gulp-n117-billion-nigerian-government.html

efighter:
MAD 201: Advance Madness Display

I cannot be arguing with someone displaying advanced and chronic symptoms of psychiatric disorders

You cannot argue it because it's the bare truth laid before you all. Thank God for Google that keeps detailed information of events around the world. Because they know that liars and deceivers like you are out there especially in the administration that will always want to distort the fact.

Afamed:
Can you show us where GEJ started the project in 2014?

My Google has enough evidence to prove that. stop acting foolishly. Even Osinbanjo admitted that FG paid up thier counterpart funding as of 2014 when the project was inaugurated.

authority2006:
See wailing. You guys are shameless

You are shameless one. Making it look like Buhari is doing Ndigbo a Favour. Let him not build naa, another president will complete it for him.

blackpanda:
What I love about buhari is that he pays no attention to small minded haters. They are minuscule and perfectly irrelevant

It still wouldn't change the facts that's on ground for generations to come

daleehat:
May God keep you permanently dormant for life, which Government started which protect?? Or you mean the one started & completed on paper by Jonathan?? thunder fire you there with that useless counter funding you mentioned above. Who counter funded What? a project started by Buhari and will soon be completed by same Buhari keep being stupid and foolish with ur thoughts, petty Fools

Here's part of the links to clear your doubts

https://www.nairaland.com/2614586/swf-provides-details-700m-second

https://www.premiumtimesng.com/news/155753-second-niger-bridge-to-gulp-n117-billion-nigerian-government.html

daleehat:
May God keep you permanently dormant for life, which Government started which protect?? Or you mean the one started & completed on paper by Jonathan?? thunder fire you there with that useless counter funding you mentioned above. Who counter funded What? a project started by Buhari and will soon be completed by same Buhari keep being stupid and foolish with ur thoughts, petty Fools

Whether you like the truth or not. That project was started late into the administration of GEJ. I worked in SURE P program so I know what I'm telling you. 30 billion naira was paid as government counterpart funding before GEJ inaugurated the project in 2014. No amount of denial your buhari's administration is known for can change that truth. A simple Google check will clear your doubts. Don't fucking make it look like Buhari is doing Ndigbo a Favour because he's not.

peacekante:
Did they program you guys to wail all the time?

He's not wailing. He's only speaking facts and backing it up with proof. No doubt Buhari is continuing from where last president left off. Commendable

Cjrane2:
Obviously the gratitude for the continuation of this project after 2015 should go to America.

The highly nepotic despot would NEVER have funded a bridge in an area of Nigeria he openly professed so much hatred for "not voting for him"

Meanwhile, the other infrastructural projects (Expressways) built in the north and west with the $311 million dollars Abacha's loot will not be tolled. But this bridge built between the East and Midwest will be tolled. Go Figure!

https://www.justice.gov/opa/pr/us-enters-trilateral-agreement-nigeria-and-jersey-repatriate-over-300-million-nigeria-assets

Thanks you for enlightening those fools. I still remember when the bridge was inaugurated by GEJ, 30 billion naira (SURE P) counterpart funding was paid the government to yhe concessionaire. Julius Berger began erecting beams and land clearing. No doubt, Buhari was fortunate that part of Abacha loot was returned during his administration to be able to continue the project under the strict vigilance of the US and Swiss that returned the funds. They're making sure that money is being put to use to complete three projects, Lagos-Ibadan expressway, Second Niger Bridge and one road in the north like that. They don't trust the Buhari, left to him, he'll take the money and share it among his fellow almajiri in North, like he did when the first tranche was returned.
US and other agency directly credited the account of the NSIA, the agency that's overseeing those projects and believe me when you this, they are being briefed in real time about the progress of the projects